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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (9862)	8/22/2008 1:11:08 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

AJ, and all of those bailouts if they occur should help to kick up longer term inflationary pressures in the US. Pimco's Co-CEO El-Erian has pointed out that outside of a global economic collapse, the rescue of FRE and FNM and other financial entities will be Inflationary the EUR/JPY worked it's way down all the way to 160.17 yesterday in the US before having a rebound rally to 163.00 I continue to think we have a bigger top in the EUR/JPY and we have also seen continued significant weakness in the commodity currencies such as the CAD and AUD. John